After serving the company for over a decade, CEO of Net-A-Porter, Mark Sebba has announced his retirement. However, he would continue to serve as the Non-Executive Director on the company’s Board.
The company had also launched The Outnet and Mr Porter during his long tenure. While the search for his replacement is already underway through headhunters, Sebba will ensure a smooth handover as he steps down from his role later this week. Sebba has been appointed as a trustee of the Victoria & Albert Museum earlier this month.
Net-A-Porter started in June 2000, claims to have over 2.5 million visitors each month. Majorly owned by Swiss designer goods company Richemont, which acquired the majority stake in Net-A-Porter for an estimated value of 50 million pounds (84.9 million dollars) in 2010, Chairwoman and Founder Natalie Massenet also continues to hold a stake in the company.